DataGuidance, in conjunction with Sidley Austin LLP, is pleased to announce an upcoming webinar on the General Data Protection Regulation (‘GDPR’) and what it means for the financial services industry.
Intended to standardise data security measures across the EU, the new GDPR will significantly impact financial services companies in Europe and around the world that collect European data. One particularly important change introduces potential fines for noncompliance of up to 4% of annual worldwide turnover. While the GDPR will not officially become law until mid-2018, businesses can begin taking steps to prepare for it now. Our speakers, Helen Woollett, Director and Global Head of Data Privacy at Barclays and Sidley Partner, William Long, will lead a discussion focusing on practical guidance to help financial services companies effectively and efficiently plan for the GDPR, including: understanding the GDPR’s new requirements and the impact they will have on the financial services industry and developing a checklist of actions financial services companies will need to take in order to maintain compliance.